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China Surveillance Giant Expects Client Losses From U.S. Ban

(Bloomberg) — Hangzhou Hikvision Digital Technology Co. warned it may lose customers in overseas markets because of its U.S. blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business.Executives at the Chinese camera provider, which reported profit in line with estimates, said clients may hold off on purchases while they gauge the impact of those restrictions. But the company is large enough to withstand U.S. sanctions and develop its own technology in the longer term, they said. Its own home market remains a rich vein of revenue as the …read more […]

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Gold holds steady above $1,490 on Brexit uncertainties

U.S. gold futures were little changed at $1,494.20. British Lawmakers on Saturday voted to withhold a decision on Prime Minister Boris Johnson’s deal, a move that forced him to seek from the EU a third postponement of Britain’s departure from the bloc. The EU will play for time rather than rush to decide on Johnson’s reluctant request to delay Brexit again, diplomats with the bloc said after a 15-minute meeting on Sunday. …read more […]

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We Are Inching Toward Some Sort of Brexit Resolution, Says Lecturer Wellings

Oct.20 — Ben Wellings, senior lecturer in politics and international relations at Monash University, discusses Brexit negotiations, his expectations from the DUP and what Boris Johnson has really accomplished with his deal. Wellings speaks on “Bloomberg Daybreak: Asia.” …read more […]

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China Banks Unexpectedly Keep Loan Prime Rate Steady in October

(Bloomberg) — China’s base rate for new corporate loans stayed unchanged in October, defying expectations of a reduction as the economy sees its slowest pace of growth since the early 1990s.The one-year loan prime rate was kept at 4.2%, according to a statement from the central bank on Monday. That compares to the 4.15% median estimate compiled by Bloomberg. The five-year tenor was also kept unchanged at 4.85%.The LPR is a revamped market indicator of the price that lenders charge clients for new loans, and is linked to the rate at which the central bank will lend financial institutions cash …read more […]

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Oil prices dip on weak demand outlook, supply concerns

Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures fell by 10 cents, or 0.2%, to $59.32 a barrel by 0108 GMT. U.S. crude oil futures were down by 9 cents, or 0.2%, to $53.69. …read more […]

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Hedge Funds Piled Into MongoDB (MDB) At The Wrong Time

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]